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Dec 4, 2012
12/12
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of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
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Dec 7, 2012
12/12
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CNBC
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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Dec 3, 2012
12/12
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CNBC
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how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. th
how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that...
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Dec 7, 2012
12/12
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CNBC
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Dec 4, 2012
12/12
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CNBC
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amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about this. it's the growth stock -- key to this market. gilliad has been great. same with ulta. you may laugh at ulta. i won't finish my sentence. >> i may. >> this double the store thing is what whole foods says. any time you can double stores, growth guys just love it. >> we're told there's no concern if we go over the fiscal cliff that that will result in some sort of a chill in the housing recovery offer the housing market. this harvard study that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households un
amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about...
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Dec 6, 2012
12/12
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CNBC
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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Dec 6, 2012
12/12
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CNBC
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we got the big distortions from san sandy. slowly working through that. so i think if there's an outlier, investors will yawn and wait for the big nonfarm payroll report tomorrow. >> are we comfortable mf-i don't know how comfortable we are. consumers seem to be in better fettl eflt. >> in spite of this anemic job growth that we've had during the entire jobless recovery, it seems like consumers sense the -- their balance sheets have improved pretty dramatically. so, yeah, consumers -- and that's led to consumers spending slightly more than what experts thought they would spend. >> so you're overweight large cap versus small cap. why? >> the large cap u.s. multinationals, they typically have overseas subsidiaries that can reach into the emerging pockets of growth. i like the dividends payers, as well, because in these choppy markets which we'll continue to have get nice dividends. >> all right much ha. . have a good day. that's it for today's program. "squawk box" it is next. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life exp
we got the big distortions from san sandy. slowly working through that. so i think if there's an outlier, investors will yawn and wait for the big nonfarm payroll report tomorrow. >> are we comfortable mf-i don't know how comfortable we are. consumers seem to be in better fettl eflt. >> in spite of this anemic job growth that we've had during the entire jobless recovery, it seems like consumers sense the -- their balance sheets have improved pretty dramatically. so, yeah, consumers...
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Dec 5, 2012
12/12
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CNBC
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you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000. >> that will add some jobs, that's not a fair comparison. >> so 200,000 minus 60 is 150 -- >> so you're right there. >> i don't think the economy has chang chang changed deappreciably over the last year. >> well, i think coming into friday's number, we're a little -- we don't think there's 80,000 worth of impact, might be closer to 40,000 or 50,000. whatever, there's been an impact and i agree with mark's point, 1 in about 150,000 job creation in the economy and i don't know that meaningfully changes. but i would say, if anything, the bias next year
you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000....
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Dec 4, 2012
12/12
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CNBC
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>> we know it will be worse than it would have been because of super storm sandy. so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better outturn. china seems to be back on track. is there anything in europe -- what's the tail risk at the moment? >> i think there's two things that could still go wrong in europe. one, there's always political risk. in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential m
>> we know it will be worse than it would have been because of super storm sandy. so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better...
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Dec 7, 2012
12/12
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WUSA
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did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came very "fast a
did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you....
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Dec 7, 2012
12/12
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KPIX
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what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i like feeling both clean and pampered. why should i compromise? quilted northern ultra plush® with the innerlux layer. for a comfortable, confident clean, or your money back. maybmaybe you can't.re; when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. >>> t
what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands...
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Dec 3, 2012
12/12
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CNBC
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eye 324
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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Dec 7, 2012
12/12
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WMAR
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superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for deep spending cuts. if washington can't strike a deal, one casualty will be compensation for the long-term unemployed. that means people like linda vega, are worried. >> christmas and things of that nature are probably off the table. >> reporter: aides to president o
superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the...
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Dec 7, 2012
12/12
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CNNW
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we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you have this people who say this report is very important. it's going to be driving the conversation on the fiscal cliff. we only have 25 days until the tax hikes and spending cuts start to take effect. here is the thing. this number came in much better than expected, don. so the bad part about this is that it may not motivate all those politicians on capitol hill as much as it may have, if it came in much weak er. this may not light the fire, so to speak. that could be the downside to the upside surprise to the number. don? >> alison, stick aro
we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you...
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Dec 7, 2012
12/12
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CNNW
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sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are -- >> lowest unemployment rate since december '08. 7.7%. that's the unemployment rate. surprise there. i'm going to listen to the jobs part of it. >> that is unexpected. we were expecting the unemployment rate to go to 8.0, from 7.9 to 8.0. it's gone the other direction. >> 146,000 jobs created. >> double than what was expected. >> diane s wochlswonk, chief ec. 7.7% is the unemployment rate, 146,000 jobs that have been added. the estimates were completely off. what are the implications of these numbers? >> well, certainly it's reass
sandy will have had an affect on this. what we're interested to know is whether or not the fiscal cliff fears had any affect on this. was there less hiring, anybody laying off in anticipation of the fiscal cliff? that will be hard to determine. christine and i will look at the numbers when they come in to see if there's any impact of that. the affect of sandy, 86,000 fewer jobs than we otherwise would have had. we're looking at a much lower number. christine appears to have it right now. we are...
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Dec 7, 2012
12/12
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WJLA
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e devastation by hurricane sandy had long been expected to disappointing number hires. but investors may shrug off the impact is temporary. college students in the federal loan repayment program are getting help. that is more affordable and favorable to .rouwer's goes into effect l invest $100 million production from some mac computers from china to the u.s. and brazil sells one more marathon. the first -- for the first time macy's stores will open 48 hours straight the giving before christmas, shoppers extra time lift the macy's holiday sales. have a good night. here you go. you, too. i'm going to dream about thatteak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on anyew volkswagen. visit vwdealer.com today. manning, fir
e devastation by hurricane sandy had long been expected to disappointing number hires. but investors may shrug off the impact is temporary. college students in the federal loan repayment program are getting help. that is more affordable and favorable to .rouwer's goes into effect l invest $100 million production from some mac computers from china to the u.s. and brazil sells one more marathon. the first -- for the first time macy's stores will open 48 hours straight the giving before christmas,...
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Dec 7, 2012
12/12
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WJLA
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eye 145
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sandy was probably the last significant measurable rain we have had. we can use it. we will have chances on and off throughout the weekend. consider yourself lucky. it is friday. we do have showers north and west of the metro. everybody is sucked in with the cloudiness. nothing is sitting in the district right now. there are some drizzles at dulles. we had a touch just to the south and moving over towards the eastern shore at this time. it is a beautiful stark, isn't it? take a look at this gorgeous picture overlooking a georgetown. temperatures are not terrible. it is 40 degrees at this time. it is 36 in gaithersburg. temperature in manassas, 39 degrees. we had a drizzle at dulles. temperatures are better this morning than they were yesterday. at least we have that going for us. a cold front is starting off out to the west. we have a little area of low pressure. we are kind of stuck in between with no huge break. neither of those are dominating our weather. our forecast for today, cloudy skies, a couple of showers. 48-52 degrees. an isolated showers returning after
sandy was probably the last significant measurable rain we have had. we can use it. we will have chances on and off throughout the weekend. consider yourself lucky. it is friday. we do have showers north and west of the metro. everybody is sucked in with the cloudiness. nothing is sitting in the district right now. there are some drizzles at dulles. we had a touch just to the south and moving over towards the eastern shore at this time. it is a beautiful stark, isn't it? take a look at this...
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while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's preparability saying the sea level rise will progress regardless of new york's response. officials dealt with problems like housing, gas shortages and firings as they arose. congress even approved an army corps of engineers hurricane protection study nearly two decades ago, focusing on hard hit staten island. >> maybe some of these houses would have been saved. >> that report remains unfin nucleared. >> we have wased tax dollars and the city, sta the. >> reporter: changes that strengthen existing emergency response plans, leaders say that ultimately saved lives, but with no, now asking
while officials say sandy was unprecedented, it wasn't entirely unexpected. for three decades, officials were told to prepare for a storm of historic proportions and a l law. >> nobody's taken the political courage to say, here's the standard for prepareness, here's the standard for recovery, we're going to help you fund it and then we're going to punish you if you don't get is there. >> reporter: three state reports since 1975 focused on preparedness, one addressed new york's...
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Dec 8, 2012
12/12
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CNNW
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sunset ♪ ♪ >> danny and sandy together again. teaming up for a new christmas album. and if this music video is any indication, let's just say, it will be one of a kind. and that is the week that was. >> what a week it's been. >>> well, the ceo of netflix is under investigation and it's all because he was bragging on his facebook page, apparently. we'll explain. e district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer qu
sunset ♪ ♪ >> danny and sandy together again. teaming up for a new christmas album. and if this music video is any indication, let's just say, it will be one of a kind. and that is the week that was. >> what a week it's been. >>> well, the ceo of netflix is under investigation and it's all because he was bragging on his facebook page, apparently. we'll explain. e district. the writer's desktop and the coordinator's phone are working on a joke with local color. the...
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Dec 7, 2012
12/12
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WTTG
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president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approved bills limiting ups from collecting fees from nonunion workers. the bill has caused quite an uproar with union workers who say union rights are now at risk. ballet between labor and business could hit the auto industry especially hard. the governor says the bill promotes work equality. >>> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has bee
president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work...
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125
Dec 3, 2012
12/12
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KRON
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eye 125
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off the sandy spending included floating shelters, emergency supplies. the cause for new york state alone is about $33 billion. federal contract spending related to a sandy does not come close to the amount spent in the work week of hurricane medicare patients have save $5 billion on prescription drugs since passage of the health-care overhaul two years ago. the savings are a continuation of the 2010 health care laws attempt to close the door on the whole or the prescription drug expenses that can wants medicare runs out. the budget office announced an added benefit. cheaper drugs means more people taking their medication and reducing long-term medical costs. >> schools for thousands of public school students is about to get longer. five states will announce today their adding at least 300 hours of learning time to some schools starting next year. we're talking about paul rafeal, connecticut, massachusetts, new york and tennessee all taking part in this initiative. the goal is to improve student achievement and make u.s. schools more competitive on the g
off the sandy spending included floating shelters, emergency supplies. the cause for new york state alone is about $33 billion. federal contract spending related to a sandy does not come close to the amount spent in the work week of hurricane medicare patients have save $5 billion on prescription drugs since passage of the health-care overhaul two years ago. the savings are a continuation of the 2010 health care laws attempt to close the door on the whole or the prescription drug expenses that...
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. >> by moonlight, hurricane sandy. and the potential is just being scratched. >> our weather forecasters now, by look at this new imagery are saying i can do the same kind of things at night. and that enables a whole new class of things being done. >> reporter: a lot more is being tracked by this new generation of satellites. >> we can monitor forest fires. monitor smoke plumes from those fires. and also, data is used to monitor snow packs. sea ice. >> reporter: and it does it globally. the bright spots in australia are wildfires. now from space, the impacts of people are written in light across countries and cont nents. things unseen from this vantage point in sunlight. a lot of illumination for a black marble. alex demetrick, wjz eyewitness news. >> and the new satellite is in a polar orbit and is able to scan the entire planet in just 12 passes. >>> well, can wall street start the week off on the right foodfoot? -- foot? [ stock bells ringing ] all the markets did finish in positive territory. let's take a look. dow
. >> by moonlight, hurricane sandy. and the potential is just being scratched. >> our weather forecasters now, by look at this new imagery are saying i can do the same kind of things at night. and that enables a whole new class of things being done. >> reporter: a lot more is being tracked by this new generation of satellites. >> we can monitor forest fires. monitor smoke plumes from those fires. and also, data is used to monitor snow packs. sea ice. >> reporter:...
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steady at 7.9% but they think job creation was down substantially from october because of superstorm sandy. >>> apple fans, did you know all your apple l products are made in china. you may have not that but it's about -- known that but it's about to change. they will start assembling one of their mass computer models here in the usa. analysts are calling this a big move. >> for apple l to step out and say this is something they want to do, they want to manufacture here in the united states, it's a big deal. and it's a big differentiator for this country. >> the plan did make apple products before the company moved production overseas. >>> zynga is a leader in virtual poker but it wants to get into real money gambling. they filed an application with the nevada gaming parole board, a process that could take up 18 moments. shares rose 17% after that announcement. >>> encouraging news on diet and breast cancer. micro nutrients found in fruits and vegetables have cancer fighting properties. women who eat fresh produce may reduce their risk. there is evidence that the micro nutrients keep tumor
steady at 7.9% but they think job creation was down substantially from october because of superstorm sandy. >>> apple fans, did you know all your apple l products are made in china. you may have not that but it's about -- known that but it's about to change. they will start assembling one of their mass computer models here in the usa. analysts are calling this a big move. >> for apple l to step out and say this is something they want to do, they want to manufacture here in the...
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. >>> more than a month after hurricane sandy, the governors of new york and new jersey are asking for $80 billion in federal aid. many homeowners thought they were already covered by federal flood insurance but as michelle miller reports this morning they are getting an unwelcomed surprise. >> reporter: roman and mariana's staten island home was flooded by 11 feet of water when sandy struck. >> how high did the water come in? >> it went through the ceiling on to the first floor. >> reporter: they had flood insurance through fema. that's common for people who live in flood zones. they thought the inspector from fema would give them a check to repair $100,000 in damages. >> first floor where you're standing right now is definitely not covered by the flood policy. >> why? >> this neighborhood is considered to be in the flood zone. >> reporter: under fema's flood insurance program the first floor of a house should be used for parking or storage only. furnaces and water heaters are covered but finished walls, floors and furniture are not. that caught them and other homeowners we met by sur
. >>> more than a month after hurricane sandy, the governors of new york and new jersey are asking for $80 billion in federal aid. many homeowners thought they were already covered by federal flood insurance but as michelle miller reports this morning they are getting an unwelcomed surprise. >> reporter: roman and mariana's staten island home was flooded by 11 feet of water when sandy struck. >> how high did the water come in? >> it went through the ceiling on to the...
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well, president obama may be in a new battle with congress this time over sandy relief money. he asked to prove $64 billion for the hard hit states like new york and new jersey. most of that money is meant to help the victims. $13 billion will be used to protect against future storms. but a democratic aide tells nbc news they don't expect republicans to hand over the money saying, quote, we're going to have to fight for it. >>> to the saturday weather now, snow is the word in parts of the country, washington state, a foot is expected to fall. a storm blanketing the midwest. nbc meteorologist dylan has the details. >> reporter: good morning, alex. not too many dry spots across the northern half of the country. it's snowy across michigan right now where most of the cold air is located. elsewhere we are seeing freezing rain in central and northern new england. rain moving through massachusetts right now, sprinkling in new york city. some heavier rain in southern ohio. the big story is the winter weather out through montana, through the dakotas and eventually spreading east into m
well, president obama may be in a new battle with congress this time over sandy relief money. he asked to prove $64 billion for the hard hit states like new york and new jersey. most of that money is meant to help the victims. $13 billion will be used to protect against future storms. but a democratic aide tells nbc news they don't expect republicans to hand over the money saying, quote, we're going to have to fight for it. >>> to the saturday weather now, snow is the word in parts of...
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the officials of the labor department say hurricane sandy, which shook the country's east coast in late october, did not substantively impact the national unemployment estimates for november. >>> a legal battle between two smartphone giants, apple of the united states and samsung of south korea, rages on. the california federal district court has reopened the case over smartphone and other patents. the court has resumed a hearing before handing down its final ruling. back in august, a jury ordered samsung to pay more than $1 billion to damages in apple. now samsung is seeking to overturn that verdict. in thur's session the judge urged the two sides to reach a settlement on a global level. she indicated that her court is ready to do everything in its power for that purpose. but apple and samsung remained wide apart in their claims. the california court plans to hand down a separate ruling for each of the many cases the two firms have been fighting, making judgments on the amounts of damages and which types of samsung devices violate apple's patent rights. in the latest case, apple is ask
the officials of the labor department say hurricane sandy, which shook the country's east coast in late october, did not substantively impact the national unemployment estimates for november. >>> a legal battle between two smartphone giants, apple of the united states and samsung of south korea, rages on. the california federal district court has reopened the case over smartphone and other patents. the court has resumed a hearing before handing down its final ruling. back in august, a...
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the officials of the labor department say hurricane sandy, which shook the country's east coast in late october, did not substantively impact the national unemployment estimates for november. >>> a legal battle between two smartphone giants, apple of the united states and samsung of south korea, rages on. the california federal district court has reopened the case over smartphone and other patents. the court has resumed a hearing before handing down its final ruling. back in august, a jury ordered samsung to pay more than $1 billion to damages in apple. now samsung is seeking to overturn that verdict. in thursday's session the judge urged the two sides to reach a settlement on a global level. she indicated that her court is ready to do everything in its power for that purpose. but apple and samsung remained wide apart in their claims. the california court plans to hand down a separate ruling for each of the many cases the two firms have been fighting, making judgments on the amounts of damages and which types of samsung devices violate apple's patent rights. in the latest case, apple is
the officials of the labor department say hurricane sandy, which shook the country's east coast in late october, did not substantively impact the national unemployment estimates for november. >>> a legal battle between two smartphone giants, apple of the united states and samsung of south korea, rages on. the california federal district court has reopened the case over smartphone and other patents. the court has resumed a hearing before handing down its final ruling. back in august, a...
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the economy did take a hit from hurricane sandy but much less than what many expected. during november there were 146,000 jobs created that was much greater than the 85,000 that economists had expected. meantime, unemployment rate fell to 7.7%. higher close for stocks yesterday on signs of possible progress in the fiscal cliff negotiations. netflix ceo in the hot seat saying the company's online viewing exceeded a billion hours in june for the first time. posting on facebook does not qualify as the fair public disclosure of information publicly traded companies are supposed to give. if you have a student loan it may get easier to pay it back. the program -- allows students who started taking loans after october 1st, 2007 to plead financial hard ship and limit payments and have the loans forgiven after 20 years. do have you old appliances that need replacing? the so-called consumer durable goods owned by americans are the oldest in nearly half a century. research says that could mean a big spending spree is on the way that could stimulate the u.s. economy. at the new yor
the economy did take a hit from hurricane sandy but much less than what many expected. during november there were 146,000 jobs created that was much greater than the 85,000 that economists had expected. meantime, unemployment rate fell to 7.7%. higher close for stocks yesterday on signs of possible progress in the fiscal cliff negotiations. netflix ceo in the hot seat saying the company's online viewing exceeded a billion hours in june for the first time. posting on facebook does not qualify as...
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the labor department says sandy did not substantially impact the data. markets a bit positive after those numbers came out dow up 40 bloomberg silicon valley index up by more than a half%. -- more than half a percent. h & m recycling program -- the goal is to reduce textile waste and find solutions that involve using more recycled textiles in new clothes. i'm jane king. >>> a little fog out there that mike is tracking otherwise cold. >> it is many here's the reason why, lack of clouds, beautiful from our roof cam under the bay bridge down to the diablo range you can see yellows, warming of the sun coming our way today and through at least tuesday temperatures may near 70° in some areas. live doppler 7 hd we are tracking fog in our inland valleys, unlike yesterday, not as damp not as misty, the fog is thick in some areas down to a quarter even 8th of a mile visibility so be careful this morning. temperatures the other big story, cool in the north bay, santa rosa 37, napa 39, most of us in the 40s, san jose 51° i am mid to upper 40s around the -- montere
the labor department says sandy did not substantially impact the data. markets a bit positive after those numbers came out dow up 40 bloomberg silicon valley index up by more than a half%. -- more than half a percent. h & m recycling program -- the goal is to reduce textile waste and find solutions that involve using more recycled textiles in new clothes. i'm jane king. >>> a little fog out there that mike is tracking otherwise cold. >> it is many here's the reason why, lack...
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except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50 largest companies. one economist says the move is imminent. when it moves into an index like that, portfolio managers and fund managers buy it, because many of them have funds that track the s&p 500. >> how do you feel about that jobs report? . . >> i would like to see a triple digit number, but i don't think we'll see it because of sandy, end of the year, companies are nervous. >>> we're watching a developing story in egypt where protests in the streets are expected against the country's president again. we are live from cairo after a quick break. >>> and rescue. a woman saved after police say her ex-husband t
except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50...
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that was likely an effect of sandy. 350,000 or so people stopping their search for work. that's what brought the unemployment rate down. not a great report but still a little bit better than what some people were forecasting. the apple a samsung case going on in federal court in san jose. the judge told lawyer for both sides that she may reduce the original award of one billion dollars saying jurors may have miscalculated the damages. but the judge may also enact sales bans against several older samsung devices so that could go either way. samsung trying to get a whole new trial in this case. >>> stock market higher on the better than expected jobs report. the dow is gaining 39 points. nasdaq up by one. s&p up. apple shares rebounded yet by 1 1/2 percent after that big 6% drop the other day. back to you. >>> jason brooks, cbs and cbs money watch.com. >>> a student was hurt in turkey, when a pedestrian bridge collapsed. security camera footage showing the moment when the bridge just gave away. apparently it was weighed down with a lot of snow on it. high school students su
that was likely an effect of sandy. 350,000 or so people stopping their search for work. that's what brought the unemployment rate down. not a great report but still a little bit better than what some people were forecasting. the apple a samsung case going on in federal court in san jose. the judge told lawyer for both sides that she may reduce the original award of one billion dollars saying jurors may have miscalculated the damages. but the judge may also enact sales bans against several...
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some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have a little bit more certainty on taxes, on regulation, and the trajectory of fiscal policy going forward. >> what i hear you both saying, though, and you're talking about spending issue, and not worrying so much about that, but i also hear you saying it would be a big mistake to raise taxes. >> absolutely. yeah. >> but the top 2%, is that the least deleterious people to raise it on? >> yeah, it would be. but right now i'd prefer not to raise taxes on anybody. but if you're going to do it, then the people at the lowest propensity to consume -- >> you d
some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have...
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the fallout from hurricane sandy is continuing to disrupt businesses and their hiring and fear of the fiscal cliff is keeping employers from bringing on new workers. they don't know what future tax rates will be and if they can afford more hiring. but on capitol hill democrats are trying to highlight the positives. >> we had a little problem because of what happened with hurricane sandy but we'll still have about 100,000 new jobs. >> reporter: the report comes out in just 15 minutes. we'll show you who is hiring and who is not. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> time now 5:15. fundraising records were shattered by both president obama and mitt romney during their campaigns. they raised more than $2 billion. campaign finance records show the president raised $1.1 billion for his reelection effort. his republican challenger mitt romney was close behind. $1.1billion. now the record setting amounts don't include the hundreds of millions sent by super packs on ads. >>> it was called the zombie apocalypse. why this simulation at a homeland security ar
the fallout from hurricane sandy is continuing to disrupt businesses and their hiring and fear of the fiscal cliff is keeping employers from bringing on new workers. they don't know what future tax rates will be and if they can afford more hiring. but on capitol hill democrats are trying to highlight the positives. >> we had a little problem because of what happened with hurricane sandy but we'll still have about 100,000 new jobs. >> reporter: the report comes out in just 15...
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it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full time or working at all and when, sandy's impact did not show up in the overall numbers. but one thing did. as you mentioned, 350,000 people left the work force, about the same number stayed in, and that is what put downward pressure on the unemployment rate taking it down to 7.7. heather? heather: peter barnes reporting live from the white house, thank you. so what can the federal government do to kick start the economy and get more americans back to work in the new year? that's what we need. well, economists and former speech writer to former prime ministers nixon and ford -- presidents nixon and ford, be
it turns out that sandy did have an impact, but not on the headline numbers. >> if you look deeper in the report, you do see that over a million workers who normally work full time were reduced to part-time hours during the reference week because of bad weather, and over 300,000 additional workers weren't able to work at all because of bad weather. >> reporter: and because of the way the labor department calculates or figures out and decides -- defines who is working part time, full...
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economists were predicting just 80,000 jobs would have added because of superstorm sandy and that the unemployment rate would remain stuck at 7.9%. stock futures are rallying after that report. >>> asian markets were mostly lower ahead of today's unemployment rate. hong kong also shed a fraction. tech stocks gave wall street stocks a modest lift yesterday. they finished 39 points higher while the nasdaq was up 15 points. the. >>> the securities and exchange commission is investigating nexflix and the company's ceo. reid hastings is dismissing the claim that the facebook post may have boosted the stock price. at the time hastings mentioned how much nexflix viewing had increased. you have to be really careful what you post on facebook. >> my coe anchor is happy because she's a huge heavy meal fan and now metallica is streaming its video. >> i didn't know i was a fan. >> you're getting ready to rock out because fans of metallica can stream the band's music on spotify. in fact in 2000, metallica filed a lawsuit against napster accusing them of copy right infringement. they can now listen
economists were predicting just 80,000 jobs would have added because of superstorm sandy and that the unemployment rate would remain stuck at 7.9%. stock futures are rallying after that report. >>> asian markets were mostly lower ahead of today's unemployment rate. hong kong also shed a fraction. tech stocks gave wall street stocks a modest lift yesterday. they finished 39 points higher while the nasdaq was up 15 points. the. >>> the securities and exchange commission is...
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still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the administration is teeing up a big request. >> much of the impact of sandy go beyond fema programs. fema's assistance is limited, maximum benefits of individual family could receive is about $31,000 if they have no assurance. others that will not rebuild destroyed or damaged home to did not have insurance. >> woke up to this headline. u.s. denies aid to the maryland storm victims. this is the picture of the face of maryland going through the storm. i will not show you the pictures of the lower shore this morning. >> a
still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut...
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. >> sandy is showing us her usual drill. she travels widely and always takes a carry-on with the must-have item. earlier this year on a trip to italy things got off to a rocky start for season -- sandy and her husband. >> we were told when we first got on the bag before we got on the plane the overhead bins were full so you must check your carry-on, so we did. >> then what happened. >> we got to rome and it wasn't there. >> they took in the sights and sounds of italy, but without underwear, of course, so they bought new. when their luggage finally arrived, they went to pick it up. >> we had to go to naples to pick it up. and that was probably an hour ride on the bus from where we were. then we had to take a cab from the airport in naples to the train station in rome. it happens so she put in a bill for her costs. >> underwear, a sweater, a jacket, and we had to buy a bus ticket from there to the naples airport and cab fair to the train station. >> and what did she bill the airline? less than $70. >> it didn't come, it didn't
. >> sandy is showing us her usual drill. she travels widely and always takes a carry-on with the must-have item. earlier this year on a trip to italy things got off to a rocky start for season -- sandy and her husband. >> we were told when we first got on the bag before we got on the plane the overhead bins were full so you must check your carry-on, so we did. >> then what happened. >> we got to rome and it wasn't there. >> they took in the sights and sounds of...
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not everyone was affected by hurricane sandy. staten island was hard hit and parts of queens hard hit and some parts of new jersey. >> gretchen: what is the most ups íáing part to you. what was your gut instinct? >> why are children tting it that shouldn't. parents can afford to give children their lunchh. >> this is what kristin gillebrand said. we just opened it up for all kids. you i can see that from a certain point of view . with all of the forms and who was displace what was not. you think there could have been a easier process. >> they know each child that was affected. this child gets a free lunchh and this doesn't. that's how they should do it. >> gretchen: they are saying that the storm will cost the american taxpayer $60 billion. is this a waste of the money. >> i think it should go to families who need it i am not getting anything. my homeowners and flood insurance is not giving me anything. they are just giving rental assistance. it should just go to families. >> gretchen: we are looking at pictures of devastation
not everyone was affected by hurricane sandy. staten island was hard hit and parts of queens hard hit and some parts of new jersey. >> gretchen: what is the most ups íáing part to you. what was your gut instinct? >> why are children tting it that shouldn't. parents can afford to give children their lunchh. >> this is what kristin gillebrand said. we just opened it up for all kids. you i can see that from a certain point of view . with all of the forms and who was displace...
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. >> the november jobs report is expected out today and superstar on sandy is going to be a key factor when the numbers do come out. economists predict job growth last month slow because of the storm. the reports silver lining to be that-the storm, the job market is strengthening. those numbers are expected to come out at 530 local time. we will be keeping an eye on them throughout the kron 4 morning news. >> the time is 4:13 a.m. on your morning news--friday morning. we will be back with the kron 4 morning news when we come morning erica will have your traffic and janu at your weather and we will have more headlines. welcome back the time is for 3:00 p.m.. local reservoirs have seen a much needed increase in water level since last week end storms. reservoirs in santa clara improved significantly with the rain fall, but levels are still not exactly where they need to be. since last wednesday, the santa clara valley water district says ever stores and their 10 reservoirs' increased from 74 to 91 percent of weather should normally be. that's an increase of nearly 4 billion gal. of water.
. >> the november jobs report is expected out today and superstar on sandy is going to be a key factor when the numbers do come out. economists predict job growth last month slow because of the storm. the reports silver lining to be that-the storm, the job market is strengthening. those numbers are expected to come out at 530 local time. we will be keeping an eye on them throughout the kron 4 morning news. >> the time is 4:13 a.m. on your morning news--friday morning. we will be...
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. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis in egypt remains volatile, with massive anti-government rallies planned today. >>> heartbreaking survival story for a woman stranded in the snow in the california sierra nevada mountains. >>> shoppers at a seattle macy's had to be hospitalized when an escalator they were riding malfunctioned. >> fire to the end zone. touchdown. >> broncos with their eighth straight win. >> all that -- >> three, two, one! >> my 50th birthday, she gives everybody a car and then she's all, thank you for coming to gayle's birthday! >> we're talking about oprah, right? >> no, of course not. >>> and all that matters. >> s
. >> hurricane sandy did not have an impact on these numbers. clearly, you do have an improving situation here. >> the message we all want to send to members of congress is this is a solvable problem. >> we've only got 25 days until the fiscal cliff. >> according to "new york times," house speaker john ba boehner has asked democratic leaders to step aside so he and the president can negotiate a deal one on one, and no one is objecting. >>> the crisis...
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you didn't see a real pullback because of sandy in the numbers. maybe that will come in next month. look at the unemployment rate on the right there. 14.4%. the real unemployment. people that are working part time, want to be working full time, people out of work. >> by the way, that unemployment number, real unemployment number, is the same one we have low unemployment, too. when we low unemployment, it is actually high when you get the real numbers. >> these are the sectors we are flipping through. 43,000 jobs created. anyone trying to get your kid in college, government pointed out computer systems analysts and related fields very strong demand. that fits in that professional business services. good pay in that field. let's talk about the breakdown of race. african-american unemployment went down a little bit. 13.2%. >> still way too high. >> notice the disparities between the worker groups are still a problem. structural problems there. but the african-american unemployment rate went down and that's the trend. we have two years and change now of -- month after month of solid job
you didn't see a real pullback because of sandy in the numbers. maybe that will come in next month. look at the unemployment rate on the right there. 14.4%. the real unemployment. people that are working part time, want to be working full time, people out of work. >> by the way, that unemployment number, real unemployment number, is the same one we have low unemployment, too. when we low unemployment, it is actually high when you get the real numbers. >> these are the sectors we are...
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the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had the chance to reclaim anything. >> this is what you came home to two weeks after the storm. >> nick expected devastation, but not this. a seatcushion is all that's left of his family's summer home. two weeks after sandy, maria and his neighbors were finally allowed back into the area. but his house had been bulldozed. >> everyone else was here that week, that day, and i felt like a lost soul. everybody is taking clothing out, bringing their luggage, taking pictures out, whatever they could stuff in, and i had nothing to take. that was a shock. >> a long with shock came frustration over
the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had...
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Dec 7, 2012
12/12
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KTVU
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now economists thought the fallout from hurricane sandy would play a big role the labor department says it really didn't effect hiring. as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for you during my next update. reporting live from washington, d.c. alison burns. >>> time now 6:17. another story about controversial comedian katt williams. he has more legal problems after announcing he has unreported. an arrest warrant has been issued for katt williams. chp claims williams almost ran down five people when he drove his motorcycle on to a sidewalk. katt williams also failed to show up at an arraignment in seattle to face charges he hit a man with microphone and threw chairs at fans. despite all the controversy williams managers say he's not retiring and will continue with his nation-w
now economists thought the fallout from hurricane sandy would play a big role the labor department says it really didn't effect hiring. as for fiscal cliff fears would keep businesses from around the country from hiring that does not seem to be the case. either more than half of the jobs added last month came in retail and health care. the jobs were lost in construction and manufacturing. we're working now to get reaction from the white house and members of congress and hope to have that for...
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Dec 7, 2012
12/12
by
MSNBC
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what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for unemployment benefits rocketed in the week of the hurricane. last week fell just as rapidly. we will eventually know what happened to the labor market in november. but as my "washington post" colleague neil irwin writes, probably not until december 21st or so when the state by state jobs numbers come out, that we can filter out the states hit by the hurricane and see what's going on in states where the economy was relatively normal. done. whatever the number is -- time to spare. whatever the number is tomorrow, don't freak out, don't worry about it. at least not yet. and that much freshness is gonna tak
what's special about this jobs report is the survey was being taken at the same time hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for...